Zacks: Brokerages Anticipate One Liberty Properties, Inc. (OLP) Will Post Quarterly Sales of $19.31 Million
Wall Street analysts expect One Liberty Properties, Inc. (NYSE:OLP) to report $19.31 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for One Liberty Properties’ earnings, with the lowest sales estimate coming in at $19.24 million and the highest estimate coming in at $19.38 million. One Liberty Properties posted sales of $18.99 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings report on Friday, March 9th.
According to Zacks, analysts expect that One Liberty Properties will report full-year sales of $19.31 million for the current year, with estimates ranging from $75.26 million to $75.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $80.53 million per share, with estimates ranging from $77.40 million to $83.67 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for One Liberty Properties.
One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.11). One Liberty Properties had a return on equity of 8.31% and a net margin of 32.44%.
Shares of One Liberty Properties (NYSE:OLP) traded down $0.09 during midday trading on Monday, reaching $25.40. 23,200 shares of the company were exchanged, compared to its average volume of 43,478. One Liberty Properties has a 1 year low of $21.96 and a 1 year high of $27.70. The firm has a market capitalization of $477.07, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.01 and a beta of 0.89. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.77.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend was Thursday, December 21st. This is a positive change from One Liberty Properties’s previous quarterly dividend of $0.43. One Liberty Properties’s dividend payout ratio (DPR) is 137.40%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in shares of One Liberty Properties by 11.1% in the 2nd quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock valued at $11,289,000 after purchasing an additional 48,129 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of One Liberty Properties by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock valued at $43,933,000 after acquiring an additional 234,523 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of One Liberty Properties by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 203,428 shares of the real estate investment trust’s stock valued at $4,766,000 after acquiring an additional 12,612 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of One Liberty Properties by 33.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock valued at $1,888,000 after acquiring an additional 20,071 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of One Liberty Properties by 20.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,983 shares of the real estate investment trust’s stock valued at $1,429,000 after acquiring an additional 10,446 shares in the last quarter. Institutional investors own 41.17% of the company’s stock.
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One Liberty Properties Company Profile
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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